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2718 W Winnemac Avenue
Chicago IL 60625 US

$1,150,000

Active Listing ID 12203499
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9 bed
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Other

$1,150,000

Active Listing ID 12203499
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2718 W Winnemac Avenue Impeccably maintained brick 3 unit building with a full in law suite (used as a real in law suite). Building has pro forma rental income of over $100, 000 in gross rental income. Low expenses for this building make for an incredible 7 cap return in Lincoln Square. A lot of updates have been done to the building within the last ten years, including updates inside the units, a new porch and deck, boiler, tuck pointing, garage updates, and much more. Roof is about 12 years old. Current rents are below market value with long term tenants in place until July and August of 2025 for units 2 and 3. Owner's suite and in law garden suite will be vacated at the time of sale for an owner occupant. In Building washer and dryer. Building is in a perfect location within walking distance of River Park's athletic fields, tennis courts, dog park, swimming pool and canoe launch. Also within walking distance to all the shops and restaurants of Lincoln Avenue. Very close to the brown line and other public transportation stops. Perfect for an arm chair investor or a live in investor using the increased cap on the new Fannie Mae 2-4-unit for 5% loan program that now for owner-occupied investors has been set at $1, 396, 800. Rental rates are quoted at pro-forma rental amounts.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Heating Fuels: Radiator

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1150000
  • unparsedaddress: 2718 W Winnemac Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60625
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Mo Dadkhah
  • listagentemail: mo@mainstreetreg.com
  • listagentkey: 3yd-MREDIL-183457
  • listagentmlsid: 183457
  • listagentpreferredphone: 8474316222
  • listagentofficephone: 7737998042
  • listofficekey: 3yd-MREDIL-85813
  • listagentstatelicense: 475119960
  • listofficemlsid: 85813
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1921
  • listingcontractdate: 2024-11-04
  • listagenturl: http://www.mainstreetrealestategroup.com
  • countyorparish: Cook
  • parcelnumber: 13124040330000
  • elementaryschooldistrict: 299
  • middleorjuniorschooldistrict: 299
  • highschooldistrict: 299
  • constructionmaterials: Brick
  • heating: Radiator
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 3
  • parkingfeatures: Garage
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Main Street Real Estate Group", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"mo@mainstreetreg.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@mainstreetreg.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/107/261908/20140401165309476.png", "ListBrokerageName":"Main Street Real Estate Group", "ListBrokeragePhone":"773-799-8042", "ListBrokeragePostalCode":"60614", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2315 N Southport Ave #1", "ListBrokerageWebsiteUrl":"http://www.mainstreetrealestategroup.com", "ListOfficeAddress1":"2315 N.Southport Ave", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"878316", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":"paulagrace@gmail.com", "ListOfficePostalCode":"60614", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income - Chicago, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2718-W-Winnemac-Ave-Apt-3_Chicago_IL_60625_M97262-55357?f=listhub&s=MREDIL&m=12203499&c=rexren", "MLSModificationTimestamp":"2024-12-08T01:07:13Z", "Neighborhoods":[{"Description":null, "Name":"CHI - Lincoln Square"}], "PostalCode":null, "RoomCount":15, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":14142, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/14/2024 12:12:57 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Mo Dadkhah, Main Street Real Estate Group, mo@mainstreetreg.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.